How Much Cash Can I Expect Each Month From A $150,000 Annuity?
December 8, 2023 by Jeannine Mancini
Many people have turned to annuities as a reliable means of securing a stable income during retirement. Financial advisers often highlight annuities as a prudent choice for those looking to manage retirement finances effectively. With a $150,000 annuity, the monthly income potential varies based on several key factors, such as the type of annuity chosen, the age of the annuitant and the length of the payout period.
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Wink’s Moore on the Market: “A fixed annuity from Due offers a 3% return?” That’s terrible!
I have five-year MYGAs crediting as much as 6.50% today.
Please don’t generalize and say that annuities “often come with various fees,” when what you are referring to is variable annuities.
“Once you commit to an annuity, it can be challenging to access your capital lump sum, limiting financial flexibility.”
Um, not with a deferred annuity, superstar.
“When considering alternatives to annuities for retirement income,” you shouldn’t be comparing the annuities to securities products.
Annuities are not intended to perform favorably against the market, or equities. These are insurance products, and that insurance has a “cost.” -sjm